I don't know what the rules are in the EU, of course, but I imagine something similar must exist.

With that said, Bernie was only ever out for Bernie. He's one of the best at what he does, and by the moral compass of most people, he's scummy.

In EU law, there is nothing to require a non-traded company to make any allowance for shareholders unless that has been agreed with said shareholders or some other law makes a specific provision. That said, there is also nothing to require such a company to make any allowance for non-shareholders without such agreement or specific protecting law...

There is a law that publicly-traded EU companies must make their shareholders their #1 priority (like for all US companies), however.

Essentially, he has confirmed what I already suspected, that he was charging such sky high fees for personal profit. It is totally unacceptable that he got away with doing this, along with a whole bunch of other excessive profiteering. It's one huge corruption scandal.

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